Wall Street slides after surprise tariff comeback
Wall Street futures slipped as a surprise court ruling brought back most of Trump-era tariffs, shaking investor confidence heading into month-end.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 29th, covering the latest developments you need to know.
1. Azerbaijan, Türkiye, and Pakistan hold Trilateral Summit in Lachin, vow deeper cooperation
The leaders of Azerbaijan, Türkiye, and Pakistan met in Lachin for their second trilateral summit, coinciding with Azerbaijan’s Independence Day. The summit highlighted deep strategic, economic, and cultural ties while paving the way for expanded cooperation in defense, trade, technology, and infrastructure.
President Ilham Aliyev emphasized Lachin’s symbolic importance, thanked Türkiye and Pakistan for support during the 2020 war, and outlined key investments and regional initiatives, including energy partnerships and digital innovation.
President Recep Tayyip Erdoğan reaffirmed shared values, proposed institutionalizing trilateral cooperation, praised Lachin Airport’s opening, supported Pakistan-India peace, and condemned Israeli actions in Gaza.
Prime Minister Shehbaz Sharif called the summit a “meeting of hearts,” reiterated support on Karabakh and Kashmir, welcomed peace talks with India, and stressed joint action on global issues like climate change.
The summit marked a major step in strengthening trilateral unity and regional influence.
2. Ukraine, Finland launch shelter-building coalition
Ukrainian Prime Minister Denys Shmyhal has announced the launch of an international coalition with Finland to build thousands of civil defense shelters, aiming to strengthen Ukraine’s preparedness amid its ongoing war with Russia.
Following a meeting in Kyiv with Finnish Prime Minister Petteri Orpo, Shmyhal said both countries signed agreements to enhance cooperation in security, energy, education, and civil protection.
The plan includes building 2,300 shelters by 2027 and 3,000 more by 2030. Shmyhal called on other nations to join the effort and help speed up construction.
3. Musk exits his role in the Trump administration
His departure, announced on his platform X, ends a controversial chapter marked by large-scale layoffs, dismantling of agencies, and legal challenges. In his announcement, Musk thanked President Trump for the opportunity to serve and indicated plans to refocus on his business ventures, including Tesla, SpaceX, and his social media platform, X.
Although Musk initially aimed to cut $2 trillion in spending, he gradually lowered that target to $150 billion. He often clashed with other Trump officials and received strong political backlash for his reforms.
Musk's role was always intended to be temporary, and he had signaled a return to focusing on his companies — Tesla, SpaceX, and X. His decision came shortly after criticizing Trump’s major spending bill, calling it counterproductive to DOGE’s mission. While stepping away from politics, Musk expressed hope that DOGE would continue growing into a “way of life” in government.
4. NATO admiral: Türkiye a key player in Ukraine peace efforts
NATO Military Committee Chairman Admiral Giuseppe Cavo Dragone has said Türkiye will play a key role in the peace process between Russia and Ukraine.
Speaking after the 18th Conference of the Chiefs of Staff of the Balkan Countries in Istanbul, Dragone praised Türkiye’s strong contributions to the alliance, calling its military the second largest in NATO and among the most combat-ready and efficient forces in the bloc.
He emphasized Türkiye’s strategic importance and noted its ongoing role in Kosovo, where it is set to assume command of the NATO-led KFOR mission in October.
He referred to Türkiye’s UAVs as top-tier and combat-proven, noting that early investment in the technology has likely saved many lives across air, land, and sea operations.
5. Houthis warn Israel of retaliation after airport strike
The Yemeni Houthi group has warned Israel of a “hot summer” following an Israeli missile strike on Sanaa International Airport that destroyed a Yemenia Airways aircraft and disrupted airport operations.
Mahdi al-Mashat, head of the Houthi Supreme Political Council, said Israel’s actions would only intensify their response, vowing continued support for Gaza until Israel ends its offensive and lifts the blockade.
Since Israel resumed its military campaign in Gaza in March, the Houthis have escalated missile and drone attacks on Israeli targets. They claim to have carried out 22 operations since the start of May, describing it as “the most painful month” for Tel Aviv.
The strike on Sanaa marked the 10th Israeli attack on Yemen since the Gaza war began.
6. UN warns Arctic to warm over three times faster than rest of world
The next five years are set to bring more record heat, with Arctic regions warming at over three times the global rate, according to a new report from the World Meteorological Organization (WMO) released Wednesday.
The agency estimates there’s an 80% chance that at least one year between now and 2029 will break existing global temperature records. It also warns there's a strong likelihood that average global warming will temporarily exceed the key 1.5°C threshold set by the 2015 Paris Agreement.
Last year already marked a dangerous milestone as it became the hottest on record and the first to breach the Paris accord’s temperature limit. Between 2025 and 2029, the global near-surface temperature is forecast to be between 1.2°C and 1.9°C higher than pre-industrial levels (1850–1900).
“Every additional fraction of a degree brings more damage—more intense heatwaves, stronger storms, longer droughts, accelerated ice melt, and rising sea levels,” the WMO said in a statement.
The Arctic is expected to see the most severe impact, with winter temperatures over the next five years forecast to be about 2.4°C above the most recent 30-year average, accelerating the melting of sea ice and glaciers in both the Arctic and northwest Pacific regions.
While global temperatures are expected to hover near record highs, regional shifts in precipitation are also predicted. Wetter-than-usual conditions are likely in parts of the Sahel, northern Europe, Alaska, and northern Siberia from May through September over the next five years. Meanwhile, the Amazon basin is forecast to face drier-than-average conditions.
The WMO’s warning comes amid growing concern from scientists and climate advocates that the world is drifting further from its environmental commitments—while the consequences of inaction become more visible each year.
AnewZ takes to the streets of Yerevan and Baku to ask a simple yet deeply complex question: How do you see peace between Armenia and Azerbaijan? In the first part of our special report, we hear the hopes, doubts, and scars still shaping people’s perspectives on both sides.
On May 28, the inauguration ceremony of Lachin International Airport was held.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Kyiv faced a large-scale Russian drone and missile assault overnight, with explosions and gunfire echoing throughout the city, forcing residents to shelter in subway stations.
Trump’s crackdown on elite U.S. universities is pushing students—and billions in academic revenue—toward global competitors.
As public health concerns over tobacco use persist, countries across Europe are tightening regulations on smoking, particularly in public spaces. France’s announcement of a new outdoor smoking ban highlights a growing continental trend toward stricter anti-smoking measures.
Ukraine on Friday withheld its confirmation of participation in the next round of peace talks with Russia, scheduled for June 2 in Istanbul, stating it first requires a detailed proposal from Moscow outlining its conditions for a potential truce or peace deal.
French President Emmanuel Macron has warned that the growing divide between the U.S. and China poses the most serious threat to global stability, urging countries to form coalitions for collective action.
Australia warns of a dangerous new nuclear arms race as global treaties falter and powers like China and Russia shift the balance.
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